Farmersville Station, Allegany County, New York Property Taxes
Median Farmersville Station, NY effective property tax rate: 2.99%, significantly higher than the national median of 1.02%, but lower than the New York state median of 2.39%.
Median Farmersville Station, NY home value: $78,600
Median annual Farmersville Station, NY tax bill: $2,449, $49 higher than the national median property tax bill of $2,400.
How are property taxes in Allegany calculated?
Property taxes in Farmersville Station, NY are calculated based on the tax assessed value, which is often lower than the actual market value due to property tax exemptions such as the homestead or senior exemption.
Understanding Farmersville Station’s property tax system, exemptions, and reduction opportunities can lead to significant savings. Regardless of where you live in Farmersville Station, knowing local tax details benefits homeowners and investors.
Last Updated March 1, 2025
Farmersville Station, Allegany County, New York Property Tax Bill Calculator
$100,000
$1,500,000
$3,000,000
Median Effective Tax Rate
2.99%
Estimate Property Tax Bill
$2,350
$2,181
Property Tax Rates Across Farmersville Station, Allegany County, New York
Local government entities are responsible for setting tax rates, which can differ significantly within a state. This is because each county annually estimates the budget needed to provide public services and divides it by the total value of all taxable properties in its area. This calculation determines the property tax rate. Although votes and laws play a role in establishing these rates and budgets, this is the basic yearly process.
Below, you can compare Farmersville Station’s effective property tax rate to other cities in New York and the median property tax rates in New York and the U.S. Farmersville Station, located in Allegany County, has a median property tax rate of 2.99%. This is markedly higher than the national median property tax rate of 1.02%, reflecting the diverse property tax landscape across the country. Residents in this area face property tax bills that are significantly above the national median of $2,400, underscoring the importance of understanding local property tax dynamics.
Property Tax Rates Across Farmersville Station, Allegany County, New York
Source: Ownwell
2.99%
3.85%
4.71%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Farmersville Station Tax Rate
2.99%
Our median effective property tax rate (tax bill ÷ assessor's market value) accounts for exemptions and deductions, making it more accurate than the general median tax rate, which is the midpoint of statutory rates before adjustments.
Median Effective Allegany County Tax Rate
3.64%
Median Effective New York Tax Rate
2.39%
Median Effective United States Tax Rate
1.02%
Property Tax Rates Across Farmersville Station, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Rate | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14060 | 2.47% | 2.86% | 2.99% | 3.26% | 3.37% |
Source: Ownwell
Property Tax Assessment Values Across Farmersville Station, Allegany County, New York
When examining property taxes in Farmersville Station, NY, understanding the distinction between "market value" and "assessed value" is crucial. The market value is what a willing buyer would pay to a willing seller in an open and competitive market, often influenced by location, property condition, and economic market trends. The Allegany County appraisal district estimates the market value for tax purposes. The assessed value is the market value minus any applicable exemptions or limits determined by local laws and offerings. The tax assessed value is the figure used to calculate your property taxes or the amount multiplied by your tax rate to get your tax bill.
In Allegany County, assessment notices are sent in the spring each year. They’ll typically reach your mailbox by the middle of March. Each property owner receives an assessment notice that contains both the market value and assessed value, along with an estimate of your property tax bill. By providing insights into how assessed and market values are determined, this section helps property owners navigate their tax responsibilities and understand the valuation processes affecting their property taxes in Farmersville Station. For example, the median home price in Farmersville Station is $78,600, with tax bills ranging significantly across the county. Zip code 14060 has the highest median home price at $78,600.
Property Tax Assessment Values Across Farmersville Station, Allegany County, New York
Source: Ownwell
$46,700
$83,018
$119,336
Median Farmersville Station Market Value
$78,600
Median Allegany County Market Value
$72,000
Median New York Market Value
$255,644
Median United States Market Value
$235,294
Property Tax Assessment Values Across Farmersville Station, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Home Price | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14060 | $37,059 | $55,400 | $78,600 | $123,200 | $192,600 |
Source: Ownwell
Property Tax Bills Across Farmersville Station, Allegany County, New York
Property Tax Bills Across Farmersville Station, Allegany County, New York
Source: Ownwell
$1,742
$3,640
$5,538
Median Farmersville Station Tax Bill
$2,449
Median Allegany County Tax Bill
$2,710
Median New York Tax Bill
$5,938
Median United States Tax Bill
$2,400
Property Tax Bills Across Farmersville Station, Allegany County, New York
| Zip | 10th Percentile | 25th Percentile | Median Tax Bill | 75th Percentile | 90th Percentile |
|---|---|---|---|---|---|
| 14060 | $798 | $1,693 | $2,449 | $3,669 | $5,352 |
Source: Ownwell